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Stocks Plunge To 2014 Lows

Tyler Durden's picture




 

US equities, despite the Bernanke bounce on Friday afternoon and the first POMO of the year today, are in trouble (relatively speaking). The last 3 days in the S&P are the worst since pre-Taper and take stocks back to 10-day lows.  Trannies are the most troubled, down over 2% from the 2013 closing highs. Gold and silver are back in the green (up for the 3rd day as stocks drop for the 3rd day in a row). Treasuries are well bid (10Y at 2.95% - 10-day low) while the USD is being sold this morning (on JPY strength which is carrying stocks lower).

From the 2013 closing highs...

 

and from the "Taper" lows...

 

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Mon, 01/06/2014 - 12:26 | 4304466 Boris Alatovkrap
Boris Alatovkrap's picture

Ouch!

Mon, 01/06/2014 - 12:52 | 4304574 walküre
walküre's picture

.. says Merkel as she breaks her pelvic bone

(Merkel is out of commission for 3 weeks due to a skiing accident earlier today)

Mon, 01/06/2014 - 13:11 | 4304635 Boris Alatovkrap
Boris Alatovkrap's picture

Sad, maybe Bankster class is commission CIA for deploy counter measure fir tree on hill like use to kill Sonny Bono or Michael Kennedy.

Mon, 01/06/2014 - 15:45 | 4305202 walküre
walküre's picture

Putin tripped her? She was due for a number of important meetings which had to be cancelled. Could also be an excuse not to meet because she knows something major is coming down the pike in the next few weeks. Brilliant on her part if that were the case.

Mon, 01/06/2014 - 13:07 | 4304636 pods
pods's picture

Skiing accident? Or over zealous poolboy?

<shudder>

pods

Mon, 01/06/2014 - 16:03 | 4305245 NihilistZero
NihilistZero's picture

I find Merkel quite fuckable in a strange old lady way.

That picture of her as a young East German is tasty...

Mon, 01/06/2014 - 13:48 | 4304761 He_Who Carried ...
He_Who Carried The Sun's picture

Well, the big guys are back

at the table and need to refinance

their X-Mas presents. Seriously, TD,

its called profit taking...  :-0

Mon, 01/06/2014 - 12:27 | 4304470 Dan The Man
Dan The Man's picture

Trannies have been troubled for thousands of years

Mon, 01/06/2014 - 12:29 | 4304476 I Write Code
I Write Code's picture

Is it 2014 already?  I didn't get the memo.

Mon, 01/06/2014 - 14:26 | 4304940 XitSam
XitSam's picture

Updated headline: Stocks dip to 6 day lows.

To go with the other headline: <sports team> has won 1 game in a row!

Mon, 01/06/2014 - 12:31 | 4304487 Rubbish
Rubbish's picture

Everyone is picking up their chips and going to the bar.

 

This is getting interesting because the Casino is the GLOBE !

Mon, 01/06/2014 - 14:16 | 4304900 akarc
akarc's picture

Early tax loss selling for 2014

Mon, 01/06/2014 - 12:30 | 4304495 adr
adr's picture

The Taper bounce was just the continuation of the biggest bullshit year in stock market history. Even more than 1999. At least during the late 90s the economy was actually pretty good and the Fed wasn't pumping $1 trillion directly into the market.

Sanity and the realization that the economy sucks may be coming back. Until The Market figures out what Yellen is going to do. If she grabs a new jug of toner then The Market will roar past the 2013 highs.

Mon, 01/06/2014 - 12:37 | 4304507 Winston Churchill
Winston Churchill's picture

Feels like September 1987 or maybe 1939.

Mon, 01/06/2014 - 14:27 | 4304945 MeelionDollerBogus
MeelionDollerBogus's picture

We don't need sanity, we have printing presses & reverse repo swap agreements.
Fundamantals don't matter this time.

Mon, 01/06/2014 - 12:33 | 4304503 chirobliss
chirobliss's picture

Oh Gawd, doubled up my mortgage to buy because you guys told me POMO was coming and not to short so went long... now I'm homeless.

Thanks again Zerohedge!!

Mon, 01/06/2014 - 12:39 | 4304519 Winston Churchill
Winston Churchill's picture

Double full retard ahead,

Mon, 01/06/2014 - 13:42 | 4304753 Citxmech
Citxmech's picture

As long as it's not "Double-Dog Full Retard."

Mon, 01/06/2014 - 12:40 | 4304510 Dr. Engali
Dr. Engali's picture

You know the markets are fucked up when 6 points on the S&P is considered a plunge.

Mon, 01/06/2014 - 12:46 | 4304563 SheepDog-One
SheepDog-One's picture

That's the level of market desperation, even a few point drop may cause a sentient being to actually sell a share causing pandemonium when an algobot was trying to sell too and suddenly had to buy.

Mon, 01/06/2014 - 13:06 | 4304612 Dr. Engali
Dr. Engali's picture

Can you imagine the pandemonium if we ever had a 2 or 3% down day? The fed has fucked this market up with it's conditioning af Pavlov's dogs.

Mon, 01/06/2014 - 12:38 | 4304513 slightlyskeptical
slightlyskeptical's picture

Continue to SAFP.

Short Any Fucking Pop

Mon, 01/06/2014 - 12:41 | 4304528 DebtSlaveZombie
DebtSlaveZombie's picture

Yeah and you'll be broke soon with that investment thesis.

Mon, 01/06/2014 - 13:00 | 4304561 Dr. Engali
Dr. Engali's picture

Yeah good luck with that. Yellen will stick a hot POMO poker up yous ass and seperate you from your currency too.

Mon, 01/06/2014 - 13:34 | 4304707 Laughing Stock
Laughing Stock's picture

Tru-dat, Homie!

Mon, 01/06/2014 - 12:36 | 4304518 Rastadamus
Rastadamus's picture

Smoke gets in your eyes......

Mon, 01/06/2014 - 12:36 | 4304520 DebtSlaveZombie
DebtSlaveZombie's picture

"Plunge" to 2014 lows?  LOL.  So dramatic.  It's not plunging, its just down.  The market is down 1.3% this year so far.  So....Its up 30.6% the past 53 weeks.  Quit making it sound like we are near collapse.  Geesh.  BTFD and move on.

Mon, 01/06/2014 - 12:57 | 4304587 I Am Not a Copp...
I Am Not a Copper Top's picture

Sauce for the goose.  Just using the same language the bulls use to describe "soaring" markets and "all time highs".  Deal with it.  It is clearly in jest.

Mon, 01/06/2014 - 12:40 | 4304527 Rising Sun
Rising Sun's picture

lost 20 points in 3 days

 

gained 80 points 9 days prior

 

the fed is waiting for the timer to go off again and then more "fucked up record highs"

 

earnings season starts in a week - means fuck all

 

fuck you Yellen you rotten cunt

Mon, 01/06/2014 - 12:39 | 4304532 DebtSlaveZombie
DebtSlaveZombie's picture

Today is a POMO day right?  OK.  Buy this dip.  Afternoon rally.

Mon, 01/06/2014 - 12:43 | 4304550 walküre
walküre's picture

Will be interesting to see if Jenny Craig's POMO will be SSDY or if they're diverting from the script due to the reduction. It's all about their script. Are they putting us on diet or placebo pills?

Mon, 01/06/2014 - 12:56 | 4304596 mattgallis
mattgallis's picture

Oh my god the world is ending! S&P plunging a whole 0.28%!!!!

 

Seriously Zerohedge?

Mon, 01/06/2014 - 13:22 | 4304675 Quinvarius
Quinvarius's picture

I think they are being sarcastic.  But still--The market has not been this low all year.  It is shocking how fast it hit new yearly lows!

Mon, 01/06/2014 - 14:04 | 4304844 forwardho
forwardho's picture

Quinvarious, While it is a technically true headline, some may have trouble with a trend being called on the 6th day of the year.

Speaking of new year, thanks for your thoughts posted last year.

Mon, 01/06/2014 - 13:28 | 4304695 Hedgetard55
Hedgetard55's picture

Some commenters need to check their sarcasm meters, I guess.

Mon, 01/06/2014 - 13:35 | 4304715 Laughing Stock
Laughing Stock's picture

Lows of the year...are you kidding me?!?!?!

Good calls last year BTW...all the up...to new ATH

This rigged POS should be at ATH again by the close on Friday

Wash, rinse, repeat

Until it's not

Mon, 01/06/2014 - 14:16 | 4304898 TwoJacks
TwoJacks's picture

would you mind reserving words like "plunge" for when the decline is greater than -0.4%  ?

thanks

Mon, 01/06/2014 - 14:21 | 4304917 MeelionDollerBogus
MeelionDollerBogus's picture

FOR SERIOUS?

Plunge to 2014 lows? It's not even a week in to 2014. Come on. This headline may as well end in /sarc

Mon, 01/06/2014 - 15:59 | 4305246 dlfield
dlfield's picture

Another thrilling "Dow30 PLUNGES to Lowest in last 8 minutes" headline. LOL

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